Invest and Save TaxHDFC Bank offers tax-saver deposits along with FDs that come with the seep-in facility

Say Bye Bye to PaperworkNo paperwork is required to open an account. Just visit the website of HDFC Bank and complete the formalities

Hdfc Bank FD Interest Rates

A fixed deposit means fixed and secured return on the principal amount. FDs offer the flexibility of withdrawing the deposited money at a short notice for urgent requirements.

HDFC is one of the renowned private banks in India and offers the best FD rates to its customers. The bank offers a myriad of Fixed Deposit (FD) options for senior citizens, individuals, and even NRIs. By opening an FD account with HDFC Bank you can earn higher returns against the deposited amount.

HDFC also provides tax saving deposits and other FD options, which come with an online banking facility, seep-in facility, and loan facility. You can also make huge profits with a five-year tax saving fixed deposit scheme. Moreover, you can save tax on your earnings from the Fixed Deposit and the limit is up to INR 1.5 lacs per annum as per the section 80C.

You can easily open an HDFC fixed deposit account online by logging in to your HDFC internet banking account.

Features and Benefits of HDFC Fixed Deposit

There are various advantages of HDFC fixed deposit scheme. Some of them are listed below-

It offers the ease of booking the FD online

Nomination facility is also available

Up to 90% loan facility is available on the FD

Easy investment scheme with higher returns

It offers super saver and sweep in facility on your FD

Tax exemption benefits up to Rs. 1.5 lakhs in a fiscal year ( applicable only to the first holder in case of joint deposits)

HDFC Bank Senior Citizen FD Rates

The rate of interest for investments lesser than 1 crore rupees range from 4.00% to 7.90%

The rate of interest for investments above 1 crore rupees range from 75% to 8.00%

The highest rate of interest paid is 7.50% p.a. for a tenure that ranges from 1 year 17 days to 5 years

How to Calculate HDFC Fixed Deposit Interest Rate?

If you want to know the exact interest rate that is applicable for HDFC Bank FDs then it is advisable that you use the HDFC Bank FD Calculator.

HDFC Bank Fixed Deposit calculator will help you in finding out how much you earn though an FD. It will also help you in choosing the investment amount and the tenure of investment.

Furthermore, you can know that total interest earned and the maturity value of your FD with the help of an online FD calculator.

To know the maturity amount, simply enter the type of FD, the rate of interest, tenure and the principal amount.

Know More About HDFC Fixed Deposit

HDFC NRI FD interest rates - You are eligible to buy an HDFC NRE FD scheme if you are a non-resident individual of Indian origin or Indian nationality. It is a great option to park your savings in India and earn interest in your home country.

There are various advantages of buying these FDs such as overdraft facility, higher interest rate, and tax deductions. There are flexible tenure options such as short-term, medium-term and long-term FDs.

The best interest rate offered for HDFC Bank Fixed Deposits lesser than INR 1 crore is 7.45% and 7.90% for individuals and senior citizens investing respectively.

The best interest rate offered for HDFC Bank Fixed Deposits more than INR 1 crore is 7.50% and 800% for individuals and senior citizens investing respectively.

The interest rate for Savings Bank Deposit Accounts -

Savings Bank balance (in Rs.)

Interest Rate (in %)

50 lacs & above

4

< 50 lacs.

3.50

If you want to deposit money in your HDFC NRE Fixed Deposit Account, you can-

Furnish your foreign currency notes or travelers cheque during a visit to India

Transfer funds in an easily convertible foreign currency

Transfer funds from an existing Foreign Currency Non-Repatriable account (FCNR)/ Non-Resident Rupee (NRE )Account held in any other banks

Directly remit the amount to HDFC Bank

Avail Loans

HDFC offers an option buy loan up to the tenure of the Fixed deposit

The bank provides loan up to 75 percent of its own Fixed Deposit

The rate of interest on the loan that is applicable is between 8.3 percent and 8.4 percent

HDFC will give you the loan against HDFC Bank Fixed Deposits only.

Multiple FDs

If you do not want to put all your savings in one deposit, then it is advisable that to put your money in multiple Fixed Deposits. It also offers you tax saving benefits apart from the interesting returns. Financial planners suggest putting your money in multiple FDs for a time horizon of one year to reap maximum benefits.

HDFC Fixed Deposit FAQs

Q1. What is the highest interest rate for HDFC Fixed Deposits?

The highest rate of interest that you can get on HDFC FD is 8 percent for a medium-term FD ranging between INR 1 crores and 5 crores. For FDs lesser than 1 crore rupees, you can earn the best interest rate of 7.90% again for medium-term deposits.

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